Real Estate Inverlad Development LLC

1059 Third Avenue’s Cantilevering Figure Nearing 481-Foot Pinnacle On The Upper East Side

1059 Third Avenue is climbing steadily toward its 481-foot and 30-story pinnacle on the Upper East Side, a milestone that is more than likely to be reached before the end of this year. The 127,000 square foot building is designed by Manuel Glas Architects and developed by Real Estate Inverland and Third Palm Capital. Since YIMBY’s last update back in July, the building had crossed the halfway mark, and now has about five floors left before construction workers reach the top.

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1059 Third Avenue, rendering by Real Estate Inverlad

1059 Third Avenue Over Halfway to Pinnacle on Manhattan’s Upper East Side

It has been less than four years since permits were filed for 1059 Third Avenue, but thanks to Tectonic we can see the tower has now risen 21 floors above the Upper East Side, on the way to its 30-story pinnacle. The project is one of several new high-rises coming to the neighborhood. Real Estate Inverland and Third Palm Capital are responsible for the development. The site was purchased for $40 million in 2012, costing just over $330 per buildable square foot.

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249 East 62nd Street, image by Rafael Vinoly Architects

Viñoly’s Jetsons-Esque Skyscraper at 249 East 62nd Street Revealed, Upper East Side

Rafael Viñoly has become one of the more prominent designers of Manhattan’s residential real estate in recent years, and today, YIMBY has the first rendering for the architect’s latest skyscraper, at 249 East 62nd Street on the Upper East Side. While the tower will technically comprise only 32 floors, it will stand 510 feet to its rooftop, taking advantage of a Jetsons-esque podium to boost its upper levels high into the neighborhood skyline.

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1179 Second Avenue

32-Story, 83-Unit Mixed-Use Tower Filed at 249 East 62nd Street, Upper East Side

Florida-based Real Estate Inverlad Development and South Carolina-based Third Palm Capital have filed applications for a 32-story, 83-unit mixed-use tower at 249 East 62nd Street, located in the Lenox Hill section of the Upper East Side. The new building would encompass 145,130 square feet and stand 510 feet in height. Retail space will measure 2,561 square feet across the ground and cellar levels, followed by 83 residential units across the ground through 29th floors. The apartments should average 1,188 square feet apiece. Rafael Viñoly’s Hudson Square-based architecture firm is the architect of record, the Real Deal reported. The 8,765-square-foot site is presently vacant.


301 East 61st Street

19-Story, 30-Unit Residential Building Nearly Done At 301 East 61st Street, Upper East Side

Back in May of 2014, YIMBY reported on plans for a 19-story, 30-unit residential building at 301 East 61st Street, located on the corner of Second Avenue, at the bottom of the Upper East Side. Since then, the project has risen silently and construction on the exterior is largely wrapping up, as seen in photos by Tectonic. The structure measures 58,957 square feet in total and includes 1,035 square feet of retail space on the ground floor. The residential units will be condominiums, many of them duplexes, and should average 1,456 square feet apiece. Amenities listed in the Schedule A include bike storage on the ground floor, a recreational room on the 13th floor, and a rooftop terrace. Real Estate Inverted Development is the developer and Garrett Goulay Architect is behind the design. Completion is expected later this year.


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